Zenith Bank PLC, one of Nigeria’s leading financial institutions, has dismissed as entirely untrue reports on the purported arrest of its Group Managing Director, Dr. Ebenezer Onyeagwu, in a section of the media. The reports had claimed Dr Onyeagwu was arrested by the Economic and Financial Crimes Commission (EFCC) in connection with alleged fraud at the Ministry of Humanitarian Affairs. The foremost lender however clarified that the GMD was neither arrested nor detained by the EFCC or any other anti-graft agency, adding that he is currently fulfilling his duties and responsibilities as the Group Managing Director of Zenith Bank Plc.…
Author: Khadijah Olowode
Justice J. O Onwuegbuzie of the Federal Capital Territory, FCT, High Court, Apo, Abuja, has slated the commencement of trial of a former Minister of Power and Steel Development, Olu Agunloye for February 12, 2024. Agunloye is standing trial by the Economic and Financial Crimes Commission, EFCC, on seven-count charges bordering on fraudulent award of contract and official corruption to the tune of $6billion (Six Billion US Dollars) contrary to and punishable under Section 22(4) of the Corrupt Practices and Other Related Offences Act, 2000. At Thursday, January 11, 20223’s session which was to determine his bail application, filed by his counsel, Adeola Adedipe, SAN,…
The Federal authorities have been charged to be more proactive and do necessary follow-up on its attempts to cut costs, and not just stop at making statements that may become ineffective, but should diligently pursue its plans across different government layers to make an impact. Laolu Akande, a veteran journalist and former presidential aide gave the charge featuring on the Channels TV’s news documentary programme, Sunrise Daily, on Thursday, 11 January, 2024. As he said, “I think one of the things that everybody seems to agree on is that we need to cut the cost of governance which has been…
In a game-changing partnership, Unilever Personal Care brands: Rexona, Axe and Dove have been announced as the official sponsors of the TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023 andTotalEnergies CAF Women’s Africa Cup of Nations Morocco 2024. The partnership with CAF was spearheaded by Unilever International, Unilever’s Global Business Unit and Unilever’s Personal Care Business Group. This association makes Unilever the exclusive Personal Care Consumer Goods partner for the two tournaments, with the company working closely with CAF on a range of football initiatives across a selection of African countries over the duration of the agreement. The TotalEnergies CAF…
Oyo State Governor, ‘Seyi Makinde, on Thursday, 11 January, 2024, said that his administration will continue to create a conducive and an enabling environment for investors with great ideas to move the state forward irrespective of political affiliations or differences. The Governor equally maintained that the state government would continue to encourage youths in the state, noting that the future of Nigeria rests on its youths. Governor Makinde stated this while commissioning the Omoluabi FM in Ibadan. He said that due to his administration’s commitment to creating an environment where businesses can thrive, the number of radio stations he met…
The Lagos State Real Estate Regulatory Authority (LASRERA), has called for greater collaboration with the Economic and Financial Crimes Commission (EFCC), to check fraudulent malpractices in the real estate sector in the state. This call was made in Lagos on Wednesday, 10 January, 2024 by the Special Adviser on Housing, Ms. Barakat Odunuga-Bakare , while on a courtesy visit to the Lagos Zonal Commander o of the EFCC, Assistant Commander of the EFCC, Michael T. Wetkas. Odunuga-Bakare said the visit was meant to seek greater collaboration with the Commission, adding that “Our agency was created by the government to register, monitor…
Trial continued, on Thursday, 11 January, 2023, in the charge marked FHC/ABJ/CR/550/2022: FRN v. Ali Bello & Anor, before Justice J. K Omotosho at the Federal High Court, Abuja Division. The prosecution, led by Rotimi Oyedepo SAN, continued the Examination-in-chief of its 2nd Witness in the matter, Edward Bananda who gave evidence of financial transactions of the Kogi State Government and the Kogi State Government House Administration. He testified as to inflow and outflow with respect to the Government House Account, which were cash withdrawals and transfers from the account. In all of the evidence given by the witness, no…
Justice A.A Bello of the Kaduna State High court sitting in Kaduna has convicted and sentenced one Idris Musa to ten years imprisonment for Automated Teller Machine, ATM fraud. He was jailed on Tuesday, January 9, 2024 after pleading guilty to one- count charge bordering on cheating, upon his arraignment by the Kaduna Zonal Command of the EFCC. The one- count charge reads: “you, Idris Musa, sometimes in July, 2022 in Kaduna within the jurisdiction of this Honourable Court, dishonestly induced one Idris Ismail by swapping his Zenith Bank ATM card under the guise of helping him withdraw money, an…
The Minister of Solid Minerals Development, Dr. Dele Alake has rallied the support of the international community for local value addition in the mining sector, asserting that it is critical for the development of the mining industry and Africa’s economy. Speaking as a panellist at the opening session of the ongoing Future Minerals Forum (FMF) in Riyadh, Saudi Arabia, titled ” Why the Super Region? Should the Super Region Have Its Own Critical Minerals Strategy?” Alake stressed that as the world strives to achieve net zero environmental impact in all processes of mining operations, emphasis should shift to local value…
By Temitope Ajayi With the increasing demand for blue-collar workers in Europe,, North America and Asia, the Federal Government, through the Industrial Training Fund, is now working to up the skills of artisans in Nigeria which, in turn, would boost the nation’s economy through skilled manpower and labour export. Of recent, Denmark, Germany, UAE, Estonia, United Kingdom, Ireland and many other countries are introducing various Visa categories to attract artisans from Africa. To boost the pool of local artisans with proficiency in in-demand skills, President Bola Tinubu has mandated the Industrial Training Fund (ITF) to retrain and ensure 20million artisans…